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Cable Update (GBPUSD)

  • #737,301
  • Mar 22, 2023 7:28am Mar 22, 2023 7:28am
Quoting AlfieSolomon
I will buy @1.22463 for 10 pips
Closed-12 pips not a good day for me
  • #737,302
  • Mar 22, 2023 7:28am Mar 22, 2023 7:28am
For fed meeting we could see 25 or pause, anything more would be very stupid as the whole collapse was due to the bonds , it was the hikes that drove this banking collapse . Gold and eur look good but let’s see what the feds do!
Master your mind. Master Trading.
  • #737,303
  • Mar 22, 2023 7:30am Mar 22, 2023 7:30am
Quoting KareemAliFx
For fed meeting we could see 25 or pause, anything more would be very stupid as the whole collapse was due to the bonds , it was the hikes that drove this banking collapse . Gold and eur look good but let’s see what the feds do!
pause could send the GU flying. 6pm will be interesting
Insane in the Brain..
  • #737,304
  • Mar 22, 2023 7:34am Mar 22, 2023 7:34am
Quoting BeeTogether
{quote} pause could send the GU flying. 6pm will be interesting
a pause by the FED today could indicate panic and a flight to safety of the US dollar and Gold

I think that the market is setting up for a dump
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #737,305
  • Mar 22, 2023 7:36am Mar 22, 2023 7:36am
Entered a small long position here. Not too confident in the setup just yet. I feel as though price may start to range as we wait for major news event. If I get stopped out, I'll likely wait til news is done to look for re-entry.
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  • #737,306
  • Mar 22, 2023 7:37am Mar 22, 2023 7:37am
Quoting ForexGoose
{quote} a pause by the FED today could indicate panic and a flight to safety of the US dollar and Gold I think that the market is setting up for a dump
fingers are on the ready lol! Not too many hours left.
Insane in the Brain..
  • #737,307
  • Mar 22, 2023 7:47am Mar 22, 2023 7:47am
Quoting KareemAliFx
For fed meeting we could see 25 or pause, anything more would be very stupid as the whole collapse was due to the bonds , it was the hikes that drove this banking collapse . Gold and eur look good but let’s see what the feds do!
Stocks have rallied, the bank deposit protection is in place and inflation is more than 2% so I am not so sure that.25 or lower is necessary in the FED's eyes!
  • #737,308
  • Mar 22, 2023 7:50am Mar 22, 2023 7:50am
Quoting KareemAliFx
For fed meeting we could see 25 or pause, anything more would be very stupid as the whole collapse was due to the bonds , it was the hikes that drove this banking collapse . Gold and eur look good but let’s see what the feds do!
Actually it wasn't the fault of the bond market that caused this banking "crisis" - it was total mismanagement and LACK of oversight.

But I do agree that 0.25% is the most appropriate response. A 0% rate increase would only spook the market and 0.50% would be really stupid. So we all already "know" what they are going to do, the question is this - does it matter?
  • #737,309
  • Mar 22, 2023 7:51am Mar 22, 2023 7:51am
Quoting ForexGoose
{quote} a pause by the FED today could indicate panic and a flight to safety of the US dollar and Gold I think that the market is setting up for a dump
A "pause" would (in my mind) cause panic in the markets and a Cable dump, but time will tell...
  • #737,310
  • Mar 22, 2023 7:53am Mar 22, 2023 7:53am
Quoting ForexGoose
{quote} a pause by the FED today could indicate panic and a flight to safety of the US dollar and Gold I think that the market is setting up for a dump
dump?… on what instruments?!
  • #737,311
  • Mar 22, 2023 7:56am Mar 22, 2023 7:56am
We do have a couple of central bank events this week. Fed in a few hours from now, SNB and BOE tomorrow.

Now, rate hike expectation sees Fed going 25 bps. No doubt. They'll hike, since their job on flighting inflation is not done.

On to SNB. We'll see if they do the same tomorrow. Market expects 50 bps, so let's see if market gets it. On to BOE, market expects 25 bps. Here's what I think. BOE may be reaching the end of its hiking cycle. They could go on until 4.5%. It's getting difficult going higher. There's still uncertainties over UK inflation, and this Brexit thing. UK Parliament is currently, as I write, now, voting on Sunak's Brexit deal. We'll see if this policial vote gets overshadowed by FOMC rates later on. I think so.

I generally don't trade fiscal or political moves. I stick to central bank events. Anything that goes beyond the 6-3 split on BOE tomorrow is going to generate some decent volatility. I'll probably trade that against yen.

On a question earlier from hans. I don't aim for Cable parity. That's too far away a trade. I'm not concern if it moves against me by a wide range, I can always correct that, by adding some hedge trades with the EURGBP pair. I don't have those on right now, since I closed them last week. I may look to add on some EURGBP, if necessary. You know that I've a bigger account, relative to my lot sizes. My advice is, not copy what I do, if you don't know the exact mechanics behind my trades. Keep it simple, really. You don't need trade this, hedge that. Just trade low-risk, you'll mostly be fine. It's sis, btw. Cheers.
  • #737,312
  • Mar 22, 2023 8:12am Mar 22, 2023 8:12am
Fly before FOMC
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #737,313
  • Mar 22, 2023 8:13am Mar 22, 2023 8:13am
fed might raise the interest rate by 0.25% or more.... hahaha 😁 not raise still the cable going down... but with the raise... hallelujah... hallelujah... hahaha 😁
  • #737,314
  • Mar 22, 2023 8:20am Mar 22, 2023 8:20am
of coz its going to be manipulation to go up... so be carefull ... hallelujah.... hallelujah... hahaha 😁
  • #737,315
  • Mar 22, 2023 8:21am Mar 22, 2023 8:21am
Quoting fx6996
{quote} A "pause" would (in my mind) cause panic in the markets and a Cable dump, but time will tell...
You are making me lose brain cells some how
Master your mind. Master Trading.
  • #737,316
  • Mar 22, 2023 8:23am Mar 22, 2023 8:23am
Surely you guys know insider trading happens every god Damn day? Why do you think stocks and dollar are already making moves, traders out there know what the feds are doing .
Master your mind. Master Trading.
  • #737,317
  • Edited 2:03pm Mar 22, 2023 8:23am | Edited 2:03pm
.
  • #737,318
  • Mar 22, 2023 8:37am Mar 22, 2023 8:37am
Quoting tradexyz
{quote} stop secret white out...stiftung what ever avalanche law wines & dines davos fox in the hen house burn your hounds grove russian river remove TINA better stompage grounds better read & circuses kabuki theatre ford
what is this mambo jambo?!… ergh… 😤
  • #737,319
  • Mar 22, 2023 8:38am Mar 22, 2023 8:38am
Quoting Zairul
fed might raise the interest rate by 0.25% or more.... hahaha 😁 not raise still the cable going down... but with the raise... hallelujah... hallelujah... hahaha 😁
cable is a buy today.
sell tmr when BOE will hike 0.5%
🧨
  • #737,320
  • Edited 9:28am Mar 22, 2023 8:41am | Edited 9:28am
Quoting Fishbones
{quote} what is this mambo jambo?!… ergh…
for the woke a wake up call... if your lost in translation not their problem...
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